Rivian Update: Bottomed or OML?

The title presents a very good question. IMO, according to the count/structure we are in a new bull cycle for Rivian. They are in a huge growth cycle for their company. The only problem I see is the overall state of the global economy. This goes for all companies because if people hardly have enough money to put food on the table, they aren't going to go out and spend a bunch of money on a new luxurious EV. With the head scratching fierceness governments have for moving away from gas powered engines, it could counter this. Most states can't handle the amount of energy needs as it is with blackouts becoming the norm in states like California though. I have no idea how they plan on supporting millions of EV's on top of the already overbearing energy needs. Only way I see plausible, is nuclear energy, or if this new fusion tech becomes mainstream AND affordable.

If Rivian makes another low, I expect the 0.236 to act as a major support and bounce price from there. As said before, we are past micro fib levels and can only use the larger fibs at this time. If we drop below the 0.236 yellow fib then the blue fibs are our next guide. I have an open order for 7 more calls with strike: $27.50 exp: Feb 16 @ 0.10 cents/contract. Should this fill and move against me I would lose a total of $120 including the other 3 calls I already have. I'm willing to risk $120 for the potential to make 4-5x that at a minimum. I will be watching the markets tomorrow and will update if fireworks happen.

Reminder: My schedule will change dramatically starting March 1st.

עסקה פעילה:

Order triggered for an additional 7 optionss bring my total to 10 calls